First Sensor (SIS) Q3 2024 earnings summary

Executive summary

• Sales for the first nine months of 2024 reached €90.1 million, down €12 million year-over-year, reflecting ongoing economic challenges and aligning with recently lowered expectations.

• Investment projects have been reprioritized, with some postponed to the next financial year; investment guidance reduced to €5–7 million.

• Employee engagement improved, with 70% participation in surveys and positive feedback on workplace culture and management.

Financial highlights

• Q3 2024 sales were €30.4 million, a 14.9% decrease compared to Q3 2023; nine-month sales declined 11.8% year-over-year.

• EBITDA for the first nine months was €8.3 million, down from €13.0 million year-over-year; EBIT fell to €3.1 million from €7.2 million.

• Net income for the period was €3.3 million, compared to €7.3 million in the prior year; EPS at €0.32 versus €0.70.

• Gross profit declined 11.7% to €50.9 million; cost of materials ratio improved to 46.5% from 54.0%.

Outlook and guidance

• Full-year sales guidance set at €115–125 million, reflecting reduced expectations due to subdued business development.

• Investment volume for 2024 revised down to €5–7 million, with some projects deferred.